during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the … the system's resilience to solvency and liquidity shocks and whether these shocks might have been contagious. We find that … the interbank system became more resilient to solvency shocks but less resilient to liquidity shocks as banks sharply …

Efforts in the United States to promote bank liquidity through reserve requirements, a minimum ratio of liquid assets … important during the National Banking Era. Nevertheless, suspensions of deposit convertibility and liquidity shortfalls … reserve requirements in favor of a central bank able to add liquidity to the financial system. This paper reviews the issues …

closely related money markets, pricing of risk, and liquidity effects, and then shows how these could interact if the Federal … Reserve removes the substantial amount of liquidity currently in the federal funds market. The results suggest that pass …, which are unsecured loans, indicated a marked jump in perceived credit risk. Moreover, the liquidity effect for the federal …

as to provide liquidity and risk-sharing services to the real economy. Our modifications create wedges in the asset and … joint implementation of a capital and a liquidity regulation …

and that banks with liquidity concerns are attracted rather than those prone to risk-taking and moral hazard incentives … evaluate whether banks used LOLR assistance to improve their liquidity needs using a novel trivariate model with recursive … borrowers to separate into different groups of banks that ex-post revealed their liquidity preferences. This finding sheds light …

We estimate the effects of the liquidity coverage ratio (LCR), a liquidity requirement for banks, on the tenders that … term deposits qualify for the LCR. These results suggest that liquidity regulation affects bank demand in monetary policy …

are vulnerable to liquidity pressures in both their loan origination and servicing activities, and we document that this … sector in aggregate appears to have minimal resources to bring to bear in a stress scenario. We show how the same liquidity …

. Moreover, although they mitigate credit risk, CCPs create liquidity risks, because they rely on participants to provide cash …. Such requirements increase with both market volatility and default; consequently, CCP liquidity needs are inherently … financial institutions default. Liquidity-focused macroprudential stress tests could help to assess and manage this systemic …

We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a … liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high … credit supply. Liquidity requirements also depress banks' profitability, though some of the regulatory costs are passed on to …

they mitigate credit risk, CCPs create liquidity risks, because they require participants to provide cash. Such … requirements increase with market volatility; consequently, CCP liquidity needs are inherently procyclical. This procyclicality …. Liquidity-focused macroprudential stress tests could help to assess and manage this systemic liquidity risk …